Notice of Sublease Termination between Intrepid Potash, Inc. and The LARRK Foundation
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Summary
Intrepid Potash, Inc. is notifying The LARRK Foundation that it is terminating their Sublease Agreement effective December 1, 2012. The LARRK Foundation has agreed to waive the usual 90-day advance written notice required for termination. Intrepid Potash, Inc. confirms it will fulfill any remaining obligations under the Sublease, including those that arise due to its termination.
EX-10.21 5 ipi-12312012xexhibit1021.htm EXHIBIT 10.21 IPI - 12.31.2012 - Exhibit 10.21
Exhibit 10.21
November 12, 2012
The LARRK Foundation
Attention: Robert P. Jornayvaz III
707 17th Street
Suite 4175
Denver, CO 80202
Dear Bob:
Intrepid Potash, Inc. hereby provides notice pursuant to paragraph 2 of the Sublease Agreement between Intrepid Potash, Inc. and The LARRK Foundation, dated December 17, 2008 (the “Sublease”), that Intrepid Potash, Inc. shall terminate the Sublease effective December 1, 2012. As you and I have discussed, The LARRK Foundation has agreed to waive its right under paragraph 2 of the Sublease to ninety (90) days' prior written notice of this termination. Intrepid Potash, Inc. acknowledges its continuing obligations under the Sublease including those arising as a result of the termination of it and shall honor those obligations.
Should you have any questions or concerns about this matter, please contact me.
Very truly yours,
/s/ Martin D. Litt
Martin D. Litt
Executive Vice President, General Counsel & Secretary
